We Are One Seven LLC Boosts Stock Position in KLA-Tencor Corp (NASDAQ:KLAC)

We Are One Seven LLC lifted its holdings in KLA-Tencor Corp (NASDAQ:KLAC) by 2.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,730 shares of the semiconductor company’s stock after purchasing an additional 74 shares during the quarter. We Are One Seven LLC’s holdings in KLA-Tencor were worth $435,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in KLA-Tencor by 5,663.0% during the second quarter. Victory Capital Management Inc. now owns 1,326,920 shares of the semiconductor company’s stock worth $156,842,000 after buying an additional 1,303,895 shares during the period. Nuveen Asset Management LLC boosted its stake in KLA-Tencor by 27,967.4% during the second quarter. Nuveen Asset Management LLC now owns 1,186,409 shares of the semiconductor company’s stock worth $140,234,000 after buying an additional 1,182,182 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in KLA-Tencor by 35.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,377,593 shares of the semiconductor company’s stock worth $281,031,000 after buying an additional 619,019 shares during the period. BlackRock Inc. boosted its stake in KLA-Tencor by 4.0% during the second quarter. BlackRock Inc. now owns 12,248,818 shares of the semiconductor company’s stock worth $1,447,811,000 after buying an additional 470,708 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in KLA-Tencor by 14.1% during the second quarter. Janus Henderson Group PLC now owns 3,391,942 shares of the semiconductor company’s stock worth $400,927,000 after buying an additional 418,962 shares during the period. 87.68% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:KLAC opened at $160.22 on Friday. KLA-Tencor Corp has a twelve month low of $80.65 and a twelve month high of $162.68. The company has a market cap of $24.95 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.71. The stock has a fifty day simple moving average of $152.72 and a 200-day simple moving average of $129.03. The company has a current ratio of 2.44, a quick ratio of 1.73 and a debt-to-equity ratio of 1.19.

KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Monday, August 5th. The semiconductor company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $2.22 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities research analysts predict that KLA-Tencor Corp will post 9.5 EPS for the current fiscal year.

Several research firms have commented on KLAC. Cowen reaffirmed an “outperform” rating and set a $170.00 price objective (up from $155.00) on shares of KLA-Tencor in a research note on Wednesday, September 18th. BidaskClub raised shares of KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Citigroup lifted their price objective on shares of KLA-Tencor from $156.50 to $180.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. KeyCorp lifted their price objective on shares of KLA-Tencor from $152.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of KLA-Tencor in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $154.23.

In related news, CEO Amichai Steimberg sold 8,962 shares of KLA-Tencor stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $138.80, for a total value of $1,243,925.60. Following the completion of the sale, the chief executive officer now directly owns 19,892 shares in the company, valued at $2,761,009.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Lorig sold 1,505 shares of KLA-Tencor stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $151.58, for a total value of $228,127.90. The disclosure for this sale can be found here. Insiders sold 49,284 shares of company stock valued at $6,893,570 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

KLA-Tencor Company Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Institutional Ownership by Quarter for KLA-Tencor (NASDAQ:KLAC)

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